Key facts
- Citizens JMP raised its price target for Robinhood stock (HOOD) to $165 from $155.
- The investment bank maintained a "Market Outperform" rating for HOOD stock.
- Robinhood Chain is projected to generate approximately $365 million in annual revenue.
- The analyst's revenue estimate for Robinhood Chain is based on its incorporation into 2027 financial forecasts.
- Chain-related revenue is expected to be volatile.
- StoneX recently raised its price target for HOOD stock to $170.
Robinhood (HOOD) stock saw its price target increased to $165 by investment bank Citizens JMP, which maintained a "Market Outperform" rating. This upward revision is driven by expectations for the company's burgeoning Robinhood Chain initiative.
According to Citizens JMP, Robinhood Chain could generate approximately $1 million in net revenue daily, translating to an annual figure of around $365 million. This projection has been incorporated into the firm's 2027 estimates, marking a significant potential new revenue stream for the online brokerage. The analyst noted that the platform has recently achieved a level of activity substantial enough for explicit inclusion in financial forecasts.
However, the firm cautioned that chain-related revenue is likely to remain volatile, assuming an initial contribution rather than a sustained continuation of current activity levels. Robinhood's strategy increasingly places it at the intersection of traditional investing and cryptocurrency markets, with a successful Robinhood Chain potentially strengthening this position and generating transaction-related revenue.
Other analysts also show confidence in Robinhood's long-term prospects; StoneX recently set a price target of $170 for HOOD stock.